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|TRUSTEES' ANNUAL|REPORT AND FINANCIAL STATEMENTS|
|---|---|
|FOR THE YEAR ENDED 30SEPTEMBER 2022||
|CONTENTS||
|||PAGE|
|---|---|---|
|REPORT OF THE TRUSTEES||1-4|
|INDEPENDENT|EXAMINER'S REPORT||
|RECEIPTS AND|PAYMENTS ACCOUNT||
|STATEMENT OF ASSETS AND LIABILITES|||
|NOTES TO THE|FINANCIAL STATEMENTS|8-10|
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||||UNRESTRICTED|ENDOWMENT|TOTAL|TOTAL|
|---|---|---|---|---|---|---|
||||FUND|FUND|FUND|FUND|
||||||2022|2021|
|||Notes|f|f|f|f.|
|INCOME AND EXPENDITURE|||||||
|Income and Endowments|from||||||
|Income|||71,303||71,303|71,508|
|Total Income|||71,303||71,303|71,508|
|EXPENDITURE ON|||||||
|Charitable
Activities|||||||
|Grants|||43,200||43,200|34,500|
|Support costs|||34,209||34,209|14,863|
|Total Expenditure|||77,409||77,409|49,363|
|Net income/expenditure|before other|gains/losses|(6,106)||(6,106)|22,145|
|Other recognised
gains/losses|||||||
|Unrealised
gains/(losses)
leasehold
properties|on revaluation|of||16,500|16,500|'2,450|
|Net Movement
In Funds|||(6,106)|16,6OO|10,394|24,595|
|Reconciliation
ofFunds|||||||
|Funds brought
forward|||33,671|457,500|491,171|466,676|
|TOTAL FUNDS CARRIED FORWARD||AT|||||
|30SEPTEMBER 2022||page 7|27,666|474,000|501,665|491,171|
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|||Notes|2022|2021|
|---|---|---|---|---|
||||5|5|
|Fixed Assets|||||
|Leasehold
properties|investments||474,000|457,500|
||||474,000|457,500|
|Current Assets|||||
|Cash at bank|||27,565|33,671|
|Total current assets|||27,565|33,671|
|Net assets|||501,565|491,171|
|Funds ofthe Charity|||||
|Unrestricted
Fund||page 6|27,565|33,671|
|Endowment
Fund||page 6|474,000|457,500|
|TotalFunds|||601,666|491,171|
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|2.Leasehold
properties
(|End|owm|e|nt
Fund)|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022
E||2021f||
|Value brought
forward as at 30September 2021|||||||457,500||455,050||
|Revaluation||||||||16,500||2,450|
|Value carried forward as at|30|September 2022|||||474,000||457,500||
|The properties
comprise shops||and||flats from which|rental income is received.||||||
|Formal valuations
ofthe leaseholds||||are carried out every 3-5years.||The last|formal|valuations|were undertaken|by|
|Maunder
Taylor on 30September|||2022, who also collect the rental income.||||||||
|3.Income|||||||||||
||||||||2022f||2021||
|Rental||||||||71,296|71,508||
|Bank interest||||||||6|||
|||||||||71,303|'71;508||
|4.Charitable
Grants and Support||||Costs|||||||
||||||||2022f||2021||
|Charitable
Grants to institutions|||||||||||
|National
Trust of Scotland||||||||7,500|||
|Speakers Trust||||||||8,250||5,OO()|
|Other grants||||||||27,450|29,500,||
|36grants were paid during|the||||||||||
|year (2021:29grants)||||||||43,200|34,500||
|As at 30September 2022,|the|charity had committed|||to make grants off22,125 in|||future years.|||
|Support costs|||||||||||
|BDBPitmans
LLP - administration|||fees|||||||1,800|
|Maunder
Taylor - management||fees||||||3,150||3,967|
|Property repairs and maintenance||||||||25,435||2,111|
|Rent, rates and insurance||||||||2,154||2,222|
|Legal fees||||||||2,700||1,978|
|Lease renewal fees||||||||680||2,700|
|CAF bank charges||||||||90||87|
|Total support costs||||||||34,209|14,883||
|Total charitable
grants
and|support|||costs||||77,409|49,363||
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|6.Cash a|t b|ank|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||6|
|CAF bank|||||10,614|23,093|
|Maunder|Taylor rent account||||16,951|10,578|
||||||27,565|33,671|
|7.Summary||offund movements|||||
||||Balance|Income/|Expenditure/|Balance|
||||8/fwd|gains|losses|C/fwd|
|2021/22|||||||
|Unrestricted||Fund|33,671|71,303|(77,409)|27,565|
|Endowment||Fund|457,500|16,500||474,000-|
|Total|||491,171|87,803|(77,409)|501,565|
|2020/21|||||||
|Unrestricted||Fund|11,526|71,508|(49,363)|33,671|
|Endowment||Fund|455,050|2,450||457,500|
|Total|||466,576|73,958|(49,363)|491,171|